Synovus Financial (NYSE:SNV) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.86 by 12 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Raymond James downgrades its ratings on Synovus Financial (NYSE:SNV). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 20, 2016.
Synovus Financial (NYSE:SNV): The mean estimate for the short term price target for Synovus Financial (NYSE:SNV) stands at $32.55 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $35 while the lower price target estimate is at $29.
Synovus Financial (NYSE:SNV) rose 0.37% or 0.11 points on Tuesday and made its way into the gainers of the day. After trading began at $29.86 the stock was seen hitting $29.98 as a peak level and $29.56 as the lowest level. The stock ended up at $29.87. The daily volume was measured at 811,738 shares. The 52-week high of the share price is $33.8 and the 52-week low is $25.48. The company has a market cap of $3,749 million.
Shares of Synovus Financial Corporation appreciated by 0.84% during the last five trading days but lost 4.13% on a 4-week basis. Synovus Financial Corporation is up 1.93% in the last 3-month period. Year-to-Date the stock performance stands at -7%.
Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.